23/07/2010. WorldPrivateFunds Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everybody! I don’t know where the week just went but I can hardly believe it’s Friday again so I hope you’re all looking forward to the weekend and enjoy whatever plans you might have. No plans? Then hitting the couch is nice sometimes too! Anyway, for the last review of the week (or the first of the weekend if you prefer) I want to take a closer look at a new program introduced on MNO last night called WorldPrivateFunds.

It’s mostly a long term program though there is one short term option which can either be used for testing purposes or just for smaller investors playing for amusement. Whichever way you prefer, it’s called The Test Plan and it runs for 10 business days (2 weeks). If you wish to join the WorldPrivateFunds will require a minimum deposit of $10 and will take a maximum of $100. During the term you get a daily payment, made Monday to Friday, of 0.9%. So once your principal gets returned that will be a total profit of 9%. Not a bad return by any means for just two weeks, but as the plan only takes smaller deposits then it’s hardly something you’ll retire on. Still, as test plans go it’s ok and if you are just playing for fun then I guess you could do worse.

If you’re a more serious player however then WorldPrivateFunds have three other mid to long term plans for you to think over. Starting with The Standard Plan, deposits again start at a reasonable $10 and go right up to $1000 if you’re feeling lucky. The investment term is 60 business days (12 weeks) and payments are made 5 days per week from Monday to Friday at a rate of 1.4% per day. That brings in an accumulated profit of 7% per week and a total of 84% by the time the plan matures. WorldPrivateFunds will then return your principal. So for example a $100 spend you’d get back $184 in total.

The next plan is a longer term option running for 90 business days (18 weeks). It’s a bit more expensive to join but with a $50 minimum it’s not so bad, and at least the prices of the plans overlap keeping them all more accessible to a wider audience. Anyway, it’s called The Premium Plan and payments are made daily from Monday to Friday and are made at a rate of 1.8%. That adds up to 9% every week and on maturity a total of 162% profit in addition to your principal which is then returned. You may also be interested to know that you will earn a sum equal to your initial deposit after 56 payment days. The maximum spend is $5000.

WorldPrivateFunds‘ final plan runs for 120 business days, which is 24 weeks. It’s called The Business Plan. Minimum investment goes up to $1000, which while expensive to many isn’t outrageous either and again overlaps with the other plans keeping it more accessible. Interest payments are made from Monday to Friday at a rate of 2.2% per day. That will bring in 11% per week and on expiry will hopefully have added up to a total profit of 264%. Your principal gets returned on expiry however you should have earned a sum equal to your principal after 46 business days. The upper limit for joining here is $15,000.

As seems to be the norm for long term HYI programs these days the choice of payment options is a bit limited and WorldPrivateFunds lags behind some of the short term programs in that department. For now your choices are LibertyReserve and PerfectMoney, both of which are fine choices, very flexible and very convenient, but not all that good (useless in fact) if you ever need to pursue the program for a refund. So “let the buyer beware” as they say and let that be the push you need to keep your deposit at an affordable level and one you are sure you can do without in the event of an emergency.

But if you don’t like either of those then bank wires will shortly be accepted as well. Not just yet but keep an eye on MNO and when the WorldPrivateFunds admin announces their introduction then you’ll hear about it here first. Payments are manual and need to be requested. Once made you need to allow the admin up to 24 hours for them to be processed. Compounding is bit of a tricky subject here by the way. Not only is it allowed, it’s also compulsorily. From a minimum of 10% up to a maximum of 50%, you chose whatever rate in between suits you. But as I’m not a huge fan of the practice myself I’d have to say if I absolutely had to do it then I’d keep it to the minimum  10%. The choice is yours of course. Minimum withdrawal is a dollar.

Security and design is above average with WorldPrivateFunds opting for one of the very best hosting options with Dragonara. It doesn’t guarantee your principal of course but you can expect any (if any!) issues with website downtime to be at an absolute minimum. The script is licensed from GoldCoders. Yes, I know, opinions are divided on this one but if it’s the most commonly used script then I guess it’s going to be the most commonly hacked one as well. SSL encryption is used to protect your account.

It’s a pretty good design and the original texts indicate that the admin has done a lot of good work in putting an original project together. As always I would suggest you get more substantial confirmation on that before taking it too seriously, but if you just want to play WorldPrivateFunds as a regular online HYI project then as always be careful and treat it like a game. But a game you can enjoy as long as you play sensible.

OTHER NEWS FOR TODAY.

Not so much news was submitted today by the HYIP admins. The recent silence from the administration of InWolton was partially compensated over the last couple of days when two updates were issued on the site. In the first one published last night the plan for redesigning the site were announced and today the first image of the new InWolton site was revealed to investors. In my opinion the recent crisis in the HYIP industry is starting to give way toprograms that have a good chance of growing in August-September. InWolton (reviewed here) is definitely one such program with instant payments to LR and PM and if you consider that the daily interest credited to your account is variable then the admin has more flexibility in order to survive the crisis and enter the autumn in full force.

It looks like the admin of InWolton (interviewed here) is pretty serious about making his program one of the most successful in the current HYIP market, appealing to investors looking for investment programs better that the standard GoldCoders script and cheap layout. Anyway, if you’re in search of something really original I advise you to keep an eye on InWolton for the next couple of months. Here is the last two updates published by them in the last 24 hours:
“Hello, dear members! We have good news for you today. Redesign of our project is over and we will place it on our web-site in 3-4 days. For those of you who are really curious to see our new “face”, we will show the main page tomorrow. The other thing is about the rumors, that very soon we will scam because we won’t handle so many pay outs in such a short period of time. First of all, I have to tell you that all smart people reinvest their funds, because we are the only upstanding fund on the market. We will easily pass through the crisis and will keep the status of the one and only program. Second, all our members have withdrawn more than $5,000 in time of our work. And we think that this is a good rate. We have no problems with that, because we perform real activity and don’t work on the principle of “ponzi scheme”. We are really grateful to those of you, who help and support us. Every loyal customer will get a bonus from us. The detailed info about this possibility we will publish later. I was really glad to see all of you, guys. Hope we will become the real close-knit team. Read me here tomorrow.”
“Hello, members and clients of InWolton. As I promised you can see the main page of our new design here.
Now, you can see that we have a lot of plans and we will put them into life.”

According to Randy, the admin of FundsOMatic (interviewed here) recent StrictPay changes avoided some confusion among members of his program which for some unknown reason are still using that payment processor. Anyway, if you don’t mind dumping StrictPay funds into FundsOMatic (or any program!) you’re welcome to do so by following the following instructions. I remind you that FundsOMatic is run by a well-known admin whose previous autosurf was a hit and lasted for more than a year with all the members being in profit which is very rare in this industry. Along with StrictPay FundsOMatic accepts LibertyReserve, PerfectMoney, GlobalDigitalPay and AlertPay into the following low -ROI plans: 0.8%-1.8% for 200 days and 7%-14% for 26 weeks. The feedback of the investing community was great so far and according to the admin the program already reached over 2,000 members and still growing. If you want to know more about FundsOMatic please refer to my detailed review of the program published here. This is the latest news regarding depositing via StrictPay:
“There has been an overwhelming response to the change in account numbers with StrictPay. I want to inform everyone of the following.
–Your account number with in our system does NOT need to add the -1.
–You can NOT send money from the account with the suffix -1 to the account with out it.
–StrictPay shopping cart at this time does not allow YOU as a member to choose which account you want to use.
–Deposits until that point will need to be made manually.
For members wishing to deposit VIA StrictPay simply follow these steps.
–Log into your StrictPay Account.
–Choose to send money from the menu.
–Send the deposit amount of your liking to 56089-1 or 56089 which ever you have funds in.(Here you will see you have a drop down on which account you spend from. You can try and send to the 56089 account and watch the system change to the 56089-1 automatically. )
–In the memo put your FundsOMatic account number and either daily or weekly plan.
–Use the contact form and advise me of the deposit made. Include your account number, SP account number,amount,Batch, plan daily or weekly.
After that I will add your deposit.
I know that this may be a bit more work involved in making StrictPay deposits but this is the only way to use them until they fix their system.
RandyM”.

Here is the list of the programs that paid me for the last 24 hours:
FundsOMatic, Biffalo, OnyxInvClub, CherryShares, FinalEarn, ReProFinance, OilStructure, SeatRonacs, GroupUniversal, FluxRates, RedOrchidInvest, YesInvestment, GoldenInvestment, EzProfit, PrivateDiamondClub, AvaInvestment, BullInvest, GoldCollarInvest, HOX, YamaFinance, WorldPrivateFunds (the first payment received) and TrinalFunds (the first payment received).

Have a nice weekend and see you on my blog tomorrow with the latest news from the industry!